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This as-told-to essay is based on a conversation with Eric Sim, 55, a former banker who became a published author, professional speaker, and career coach. The following has been edited for length and clarity. Business Insider has verified his education and employment history.Finding a job is really difficult these days, and that’s largely because of AI.The problem is magnified if you are a fresh graduate or a young working professional.At the junior level, most jobs tend to involve grunt work. You don’t need to have a high level of expertise, but you need to put in a lot of hours.…

The US penny died on Wednesday at the ripe old age of 232 after the US Treasury minted its last one-cent coin.The news of Wednesday’s final penny may be a hit to your nostalgia, but please, dry your tears.The US penny deserved to die.Allow me to explain. First, the penny was shockingly expensive. Pennies were originally made of copper, but since 1982, they’ve been mostly made of zinc — a cheaper metal. But even zinc isn’t that inexpensive these days.So while a penny is worth one cent while in circulation, each coin actually costs 3.69 cents to make, according to…

The Financial Accounting Standards Board released an accounting standards update Wednesday aimed at improving the accounting for purchased loans as it confronts a potential threat to its funding from Republicans in Congress.The accounting standards update would amend FASB’s credit losses standard in response to stakeholders who raised concerns about accounting for acquired financial assets such as loans during a post-implementation review of the standard, which was issued in 2016. Many of them pointed out that the existing guidance for acquired financial assets — particularly the distinction between purchased credit-deteriorated and non-PCD assets — created unnecessary complexity and reduced comparability.Under current…

As teachers spend more of their own money on classroom supplies, the One Big Beautiful Bill Act is removing the limits on itemized tax deductions for K-12 educators.But that new benefit in 2026 — on top of the existing “above-the-line” deduction of $300 toward their unreimbursed qualifying expenses — applies only to households that itemize. The number that do so will probably be higher than under the Tax Cuts and Jobs Act of 2017, but not by a lot.The K-12 teacher set isn’t known for high salaries. Those most likely to be able to take advantage of the new no-ceiling…

It’s a sad day for piggy banks everywhere. And 99-cent stores. And parents trying to teach their children the most basic idiom about frugality.On Wednesday, the US Mint produced the final penny, ending the coin’s 232-year-old life. Treasurer of the United States Brandon Beach struck the last one-cent coin in Philadelphia, the US Mint said. Though production has ended, the US Mint said there are still around 300 billion pennies in circulation.Wednesday’s event, Beach said in a post on X, symbolized “the return of common sense.”President Donald Trump named Beach, a former Republican state senator from Georgia, as the head…

CBIZ, a Top 10 Firm based in Cleveland, has released its 2026 Tax Planning Guide, offering a resource to help businesses and individuals navigate the extensive changes in the recently passed One Big Beautiful Bill Act and plan for next year.  The guide explains how the OBBBA is reshaping taxes and suggests strategies for preparing for 2026 and beyond. It includes insights on topics including net operating losses, Supreme Court decisions on tariffs, as well as AI and automation. “The OBBBA represents one of the most significant overhauls to tax policy in recent years, and its effects will be felt across every…

Skims underwear is displayed on a shelf at a Nordstrom store on March 25, 2025 in Corte Madera, California. Justin Sullivan | Getty ImagesKim Kardashian’s Skims brand has raised $225 million in new funding led by Goldman Sachs Alternatives, valuing the shapewear and apparel company at $5 billion — up from roughly $4 billion after its 2023 round.The deal comes as Skims nears $1 billion in annual net sales, six years after its 2019 launch, and marks one of the largest private raises for a U.S. consumer brand this year. BDT & MSD Partners’ affiliated funds also joined the round, Skims…

You know that the cable TV industry is in steep decline.You know it because of all the evidence around you. And you know it because we tell you about it over and over.Still, sometimes you see a stat that helps put it all into even sharper perspective. Like this:Fifteen years ago, nearly 9 in 10 US households had a pay TV subscription. By the end of 2025, that number will be down to five out of 10.That estimate comes from Madison and Wall, the technology/media advisory firm. CEO Brian Wieser also helpfully shows what those stats — which include traditional…

Las Vegas Aces head coach and six-time WNBA All-Star Becky Hammon said it may be time for a change in WNBA leadership.In an interview with CNBC Sport, one month after winning her third NBA Championship with the Aces, Hammon discussed what she described as a “rocky relationship” between Commissioner Cathy Engelbert and many WNBA players as calls for Engelbert to step down build.”I would say they’re probably going to look for a change in leadership. I just think it might be too fractured at this point,” Hammon said.In late September, Minnesota Lynx star Napheesa Collier publicly criticized Engelbert’s leadership, saying…

The FAA Air Traffic Control tower at LaGuardia Airport (LGA) in the Queens borough of New York, US, on Friday, Nov. 7, 2025. Michael Nagle | Bloomberg | Getty ImagesFlight cancellations eased across the U.S. on Wednesday ahead of a House vote on a funding bill that could end the longest federal government shutdown in history.House lawmakers could vote around 7 p.m. ET on the bill, which was passed by the Senate earlier this week. The shutdown again put air travel in the spotlight and heightened strains on air traffic controllers, who have been required to work without receiving their…